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Side-by-side financial comparison of Hudbay Minerals Inc. (HBM) and RIO TINTO PLC (RIO). Click either name above to swap in a different company.

RIO TINTO PLC is the larger business by last-quarter revenue ($30.8B vs $2.0B, roughly 15.2× Hudbay Minerals Inc.). RIO TINTO PLC runs the higher net margin — 18.6% vs 3.4%, a 15.2% gap on every dollar of revenue.

Hudbay Minerals Inc. is a Canadian mining company that produces copper, gold, silver, zinc, and molybdenum. In 2024, the company produced 137,943 tonnes of copper, 332,240 ounces of gold, 3,983,851 ounces of silver, 33,339 tonnes of zinc, and 1,323 tonnes of molybdenum. In 2024, copper sales represented 57% of revenue, gold sales represented 33% of revenue, and zinc sales represented 4% of revenue.

Rio Tinto Group is a British-Australian multinational mining company headquartered in London, England, and Melbourne, Australia. It was founded in 1873 when a group of British investors purchased a mine complex on the Río Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions and is today a major producer of commodities such as copper, iron ore, aluminium and lithium.

HBM vs RIO — Head-to-Head

Bigger by revenue
RIO
RIO
15.2× larger
RIO
$30.8B
$2.0B
HBM
Higher net margin
RIO
RIO
15.2% more per $
RIO
18.6%
3.4%
HBM

Income Statement — Q1 2026 vs Q4 2025

Metric
HBM
HBM
RIO
RIO
Revenue
$2.0B
$30.8B
Net Profit
$67.8M
$5.7B
Gross Margin
27.4%
Operating Margin
25.9%
Net Margin
3.4%
18.6%
Revenue YoY
14.6%
Net Profit YoY
0.5%
EPS (diluted)
$3.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HBM
HBM
RIO
RIO
Q1 26
$2.0B
Q4 25
$1.5B
$30.8B
Q2 25
$110.9K
Q1 25
$525.0M
Q4 24
$1.4B
$26.9B
Q3 24
$5.3K
Q2 24
$113.3K
Q1 24
$295.2M
Net Profit
HBM
HBM
RIO
RIO
Q1 26
$67.8M
Q4 25
$5.7B
Q2 25
Q1 25
$18.5M
Q4 24
$5.7B
Q3 24
Q2 24
Q1 24
Gross Margin
HBM
HBM
RIO
RIO
Q1 26
27.4%
Q4 25
Q2 25
Q1 25
29.0%
Q4 24
Q3 24
Q2 24
Q1 24
22.5%
Operating Margin
HBM
HBM
RIO
RIO
Q1 26
Q4 25
25.9%
Q2 25
Q1 25
Q4 24
27.5%
Q3 24
Q2 24
Q1 24
Net Margin
HBM
HBM
RIO
RIO
Q1 26
3.4%
Q4 25
18.6%
Q2 25
Q1 25
3.5%
Q4 24
21.2%
Q3 24
Q2 24
Q1 24
EPS (diluted)
HBM
HBM
RIO
RIO
Q1 26
Q4 25
$3.32
Q2 25
Q1 25
Q4 24
$3.51
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HBM
HBM
RIO
RIO
Cash + ST InvestmentsLiquidity on hand
$9.4B
Total DebtLower is stronger
$21.9B
Stockholders' EquityBook value
$67.0B
Total Assets
$128.1B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBM
HBM
RIO
RIO
Q1 26
Q4 25
$9.4B
Q2 25
Q1 25
Q4 24
$8.8B
Q3 24
Q2 24
Q1 24
Total Debt
HBM
HBM
RIO
RIO
Q1 26
Q4 25
$21.9B
Q2 25
Q1 25
Q4 24
$12.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HBM
HBM
RIO
RIO
Q1 26
Q4 25
$67.0B
Q2 25
Q1 25
Q4 24
$58.0B
Q3 24
Q2 24
Q1 24
Total Assets
HBM
HBM
RIO
RIO
Q1 26
Q4 25
$128.1B
Q2 25
Q1 25
Q4 24
$102.8B
Q3 24
Q2 24
Q1 24
Debt / Equity
HBM
HBM
RIO
RIO
Q1 26
Q4 25
0.33×
Q2 25
Q1 25
Q4 24
0.21×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HBM
HBM
RIO
RIO
Operating Cash FlowLast quarter
$9.9B
Free Cash FlowOCF − Capex
$2.3B
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
24.7%
Cash ConversionOCF / Net Profit
1.73×
TTM Free Cash FlowTrailing 4 quarters
$11.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBM
HBM
RIO
RIO
Q1 26
Q4 25
$9.9B
Q2 25
Q1 25
Q4 24
$8.5B
Q3 24
Q2 24
Q1 24
Free Cash Flow
HBM
HBM
RIO
RIO
Q1 26
Q4 25
$2.3B
Q2 25
Q1 25
Q4 24
$2.9B
Q3 24
Q2 24
Q1 24
FCF Margin
HBM
HBM
RIO
RIO
Q1 26
Q4 25
7.5%
Q2 25
Q1 25
Q4 24
10.9%
Q3 24
Q2 24
Q1 24
Capex Intensity
HBM
HBM
RIO
RIO
Q1 26
Q4 25
24.7%
Q2 25
Q1 25
Q4 24
20.9%
Q3 24
Q2 24
Q1 24
Cash Conversion
HBM
HBM
RIO
RIO
Q1 26
Q4 25
1.73×
Q2 25
Q1 25
Q4 24
1.50×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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